The Paytm FASTag is a simple & reusable tag that works on Radio-frequency identification technology (RFID). It needs to be affixed on the vehicle’s windscreen. Each tag is linked to a registered Paytm Payments Bank account to facilitate instant automatic deduction of toll charges. This program is part of the National Electronic Toll Collection (NETC) initiative, rolled out by NPCI under the guidelines of NHAI & IHMCL.
Paytm Payments Bank
FASTag is linked to a Paytm Wallet from which the applicable toll amount is deducted. Money can be added to Paytm Wallet using UPI or from any bank account.
Benefits of Fastag With Paytm
- Convenience for cashless payment
- Non-stop motion & reduced commute time
- Cashback* of 2.5% for FY – 2019-20
- Cashback is applicable for trips made at NHAI plazas only